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Author Topic: FPGA Mining Contract  (Read 36264 times)
sadpandatech
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January 28, 2012, 04:46:09 PM
 #241

Haha, we can also read the first post:

FPGA.contract is an FPGA only mining company. A small FPGA cluster will be built out of X6500s and operated by me. 100% of all revenue is distributed to shareholders as weekly dividends. Operating costs (electricity, maintenance, etc.) are covered by the dividends paid to the 500 shares held by the company (amounts to 8.3% of the 6000 total shares). No revenue is held for future expansion.
(emphasis mine)

Also: I'm not sure these 500 shares held back have voting rights? If so, your method of summing votes doesn't work.

EDIT: http://contract.fpgamining.com/?page_id=166 says there were 5500 shares issued on Oct 16th and another 500 on Oct 26th. hmm...

Originally 5500 shares were issued, 5000 were sold to the public and 500 were held by the company to cover electrical/maintenance costs.  An additional 500 shares were issued later to allow us to purchase an additional FPGA.  There are a total of 6000 shares out there, 500 are held by the company, and 5500 can be traded by the public.  Fizzisist can correct me if I'm wrong but I'm pretty sure that's correct.

This sounds right.
And to answer Molecular about the voting rights. At the time of issue, he would have had to actually assign the 500 to himself in order to get the dividends from them. Consequently granting voting rights for them as well. Though he may or may not excercise them.

If you're not excited by the idea of being an early adopter 'now', then you should come back in three or four years and either tell us "Told you it'd never work!" or join what should, by then, be a much more stable and easier-to-use system. - GA
It is being worked on by smart people. -DamienBlack
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fizzisist
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January 28, 2012, 05:02:21 PM
 #242

Haha, we can also read the first post:

FPGA.contract is an FPGA only mining company. A small FPGA cluster will be built out of X6500s and operated by me. 100% of all revenue is distributed to shareholders as weekly dividends. Operating costs (electricity, maintenance, etc.) are covered by the dividends paid to the 500 shares held by the company (amounts to 8.3% of the 6000 total shares). No revenue is held for future expansion.
(emphasis mine)

Also: I'm not sure these 500 shares held back have voting rights? If so, your method of summing votes doesn't work.

EDIT: http://contract.fpgamining.com/?page_id=166 says there were 5500 shares issued on Oct 16th and another 500 on Oct 26th. hmm...

Originally 5500 shares were issued, 5000 were sold to the public and 500 were held by the company to cover electrical/maintenance costs.  An additional 500 shares were issued later to allow us to purchase an additional FPGA.  There are a total of 6000 shares out there, 500 are held by the company, and 5500 can be traded by the public.  Fizzisist can correct me if I'm wrong but I'm pretty sure that's correct.

This sounds right.
And to answer Molecular about the voting rights. At the time of issue, he would have had to actually assign the 500 to himself in order to get the dividends from them. Consequently granting voting rights for them as well. Though he may or may not excercise them.

Yep, that is correct, zapeta. Those 500 shares were transferred to my personal account when they were issued, so they are full fledged shares with voting rights and all.

All 6000 shares are potentially available, if someone decides to sell. There are currently 314 shares for sale on GLBSE:

Code:
Asks
Price         Quantity
0.3590000 BTC 38
0.3598900 BTC 25
0.3600000 BTC 74
0.3700000 BTC 100
0.4125000 BTC 15
0.4770000 BTC 40
0.5000000 BTC 4
0.6600000 BTC 2
0.6700000 BTC 5
0.6900000 BTC 1
0.7000000 BTC 5
0.8000000 BTC 5

ZodiacDragon84
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January 28, 2012, 06:20:25 PM
 #243

Thank god you guys did that...my method was half assed at best! Cheesy

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fizzisist
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January 28, 2012, 10:03:36 PM
 #244

Dividends have been paid for the week of 1/23/2012!

Broke another record with our largest payment yet!

Total paid to 6000 shares: 14.04367400 BTC
Dividend per share: 0.00234061 BTC

Total payments to date: 131.8 BTC!!

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February 06, 2012, 10:44:30 AM
 #245

Dividends have been paid for the week of 1/30/2012!

The payment went out last night, but I was too busy to post.

We set a new record for the second week in a row!

Total paid to 6000 shares: 15.62244878 BTC
Dividend per share: 0.00260374 BTC

Around the time that I paid the dividend last night, the machine running the cluster had a major failure. Then, after reinstalling the OS and bringing everything back up, TheSeven spent some time testing his Modular Python Bitcoin Miner (MPBM) with it. I offered him full remote access to the cluster so that he could test hotplugging and stability. So far it looks great! I plan to pitch in some BTC of my own for the lost mining time on the cluster due to this, so it won't affect your earnings.

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February 06, 2012, 04:17:31 PM
 #246

Looks like the cluster is back up running at its regular hashrate, this time using the MPBM software Grin
I expect that wildly varying hash rate to stabilize throughout the next couple of hours.

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mila
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February 06, 2012, 04:25:48 PM
 #247


Please let me know if I left anything out or you have any other questions!


Hi, I've chosen the option "upload keys" for the other account (i have two accounts with glbse; one self made and one glbse keypair generated).
Nowhere I found it mentioned that the uploaded keypair must not be password protedted (usually every key pair I generate is password protected, kind of auto pilot).

My question is, can I change the keypair of the other account while I transferred assets to it?

Of course I can not use the other account. There's no prompt for password, just an error msg while I try to use the account.

your ad here:
ZodiacDragon84
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February 06, 2012, 08:09:04 PM
 #248

I had that same thing happen, and Im still waiting for Nefario to get it on track. It usually takes a few days for him to get things done from my experience.

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mila
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February 07, 2012, 10:15:35 AM
 #249

I had that same thing happen, and Im still waiting for Nefario to get it on track. It usually takes a few days for him to get things done from my experience.

for me it's not urgent. as long as it's doable and I get my dividends, it can last a year.

by "that same thing happen" what do you mean? uploading password protected key pair?
uploading custom keys without password may save a lot of time in the long run. when glbse goes bitcoin mainstream this will happen probably very often

your ad here:
ZodiacDragon84
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February 07, 2012, 09:14:34 PM
 #250

one of my keypairs was corrupted in email, or some issue I cant figure out. It tries to log me into that account, but then the script freezes up my firefox.

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February 08, 2012, 12:16:02 AM
 #251

one of my keypairs was corrupted in email, or some issue I cant figure out. It tries to log me into that account, but then the script freezes up my firefox.

try pasting into write (wordpad) or notepad and turning off wordwrap, (or if on some other OS a decent editor)

it should have 7 lines.

if it looks like the following, that is with the data having blank lines between then they need to be removed and the lines joined. label, id, publickey and privatekey are each on one line.

[{
        "label":"mylabel",
        "id":"deadbeef...",
        "publicKey":"-----BEGIN RSA PUBLIC KEY-----

\u000aMIIBkkkkkkkkw7YXADObAYocKW/PBjjXqxOZ\u000amdOQmjA

JmNwlIpQiYk1RDOXfkkkkkkkkkkUAkT245a7JAa/Uemkkgkg\u000aCkuNllXVmVuitio1i

....

4eDVx\u000at5ks27zghhjh87ddDAQAB\u000a-----END RSA PUBLIC KEY-----

\u000a",
        "privateKey":"-----BEGIN RSA PRIVATE KEY-----

...

\u=\u000a-----END RSA PRIVATE KEY-----\u000a"
    }


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Dexter770221
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February 09, 2012, 11:32:02 AM
 #252

New bitstream? There are some problems with 2 FPGA's.

Under development Modular UPGRADEABLE Miner (MUM). Looking for investors.
Changing one PCB with screwdriver and you have brand new miner in hand... Plug&Play, scalable from one module to thousands.
TheSeven
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February 09, 2012, 02:18:24 PM
 #253

New bitstream? There are some problems with 2 FPGA's.
I don't know what the cluster is currently running with, but if it's one huge MPBM instance (and that's likely), the individual FPGAs aren't tied down to their pool accounts, so the hashing power is probably just not distributed evenly. While some FPGAs show near zero hashrate, others show like 800MH/s, so on average it fits.

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fizzisist
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February 09, 2012, 07:16:21 PM
 #254

New bitstream? There are some problems with 2 FPGA's.
I don't know what the cluster is currently running with, but if it's one huge MPBM instance (and that's likely), the individual FPGAs aren't tied down to their pool accounts, so the hashing power is probably just not distributed evenly. While some FPGAs show near zero hashrate, others show like 800MH/s, so on average it fits.

Yep, TheSeven is exactly right. Here's a screenshot:



The overall hashrate is 2.8 GH/s (or 7 x 400 MH/s), but it's being oddly distributed over the various worker names. I'll probably just do away with those all together and create one account for FPGA.contract.

Just to be clear, I know there has been a lot of downtime this week. When it comes time to pay the dividends, I will just make up the difference from a typical week so that you're all still earning a normal week's worth of BTC.

ZodiacDragon84
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February 09, 2012, 07:38:42 PM
 #255


Just to be clear, I know there has been a lot of downtime this week. When it comes time to pay the dividends, I will just make up the difference from a typical week so that you're all still earning a normal week's worth of BTC.

Hell, most corporations say you're SOL on divs if they have issues or losses. This is unexpected.

Looking for a quick easy mining solution? Check out
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fizzisist
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February 09, 2012, 07:59:14 PM
 #256


Just to be clear, I know there has been a lot of downtime this week. When it comes time to pay the dividends, I will just make up the difference from a typical week so that you're all still earning a normal week's worth of BTC.

Hell, most corporations say you're SOL on divs if they have issues or losses. This is unexpected.

Yeah, except the issues were self imposed so that TheSeven and I could work on MPBM. There is bound to be down time now and then, but this week had more than typical.

TheSeven
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February 09, 2012, 08:10:06 PM
 #257

Yeah, except the issues were self imposed so that TheSeven and I could work on MPBM.

Well, partially. The filesystem failure would have caused some downtime anyway, and we took the chance to try out MPBM while setting up things again.

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ZodiacDragon84
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February 09, 2012, 08:26:52 PM
 #258

You guys rock. I wish GLBSE worked like you guys do...lol

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February 09, 2012, 08:31:29 PM
 #259

You guys rock. I wish GLBSE worked like you guys do...lol

I second that on both points!

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February 09, 2012, 08:33:10 PM
 #260

If anyone's interested in some FPGA.contract stock at a discount, I've been pushing the price down the past few days trying to offload shares (though I really want them) because I need the BTC before I have loans up. I have 73 remaining if anyone wants them for .38BTC/share. I'll buy in later -- none too happy I wasn't able to hold these shares for longer than a week.

Don't mix your coins someone said isn't legal
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